Is Lynn Haven, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lynn Haven is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, Lynn Haven has remained a Seller's Market.

Key Takeaway

Lynn Haven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lynn Haven, FL cost?

Median Sold Price

$302,500

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$41,334(+15.8%)

Key Takeaway

Homes in Lynn Haven have sold for 15.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 --
N/A
2 $179.9K$206.5K
+14.8%
3 $243.7K$270K
+10.8%
4 $287.8K$365K
+26.8%
5+ $367.5K$518.5K
+41.1%

Median Sold Price Compared To Nearby Cities

Panama City
+28.8%
Lynn Haven
+15.8%
Southport
+13.1%

How many homes are available in Lynn Haven, FL?

Number of Homes For Sale

Jun 2022Jul 2022%
156143-8.3%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 11
0.0%
2 109
-10.0%
3 8177
-4.9%
4 5245
-13.5%
5+ 1211
-8.3%

Number of Homes Sold

Jun 2022Jul 2022%
4426-40.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lynn Haven, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
22 Days28 Days+28.0%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lynn Haven are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lynn Haven, FL

Lynn Haven, FL has 143 homes on the market. Between June 2022 and July 2022, Lynn Haven, FL real estate market has seen decrease in the number of listings by 8.3%. The median list price of listings available in July 2022 was $302,500, while the average time on the real estate market was 28 days. This housing market listing prices have changed between June 2022 and July 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 14.8%, prices of 3 bedrooms properties increased by 10.8%, the cost of 4 bedrooms properties went up by 26.8%, prices of 5 bedrooms properties increased by 41.1%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes became 10% less available, 3 bedrooms homes inventory decreased by 4.9%, the quantity of 4 bedrooms homes went down by 13.5%, volume of 5 bedrooms homes went down by 8.3%. In July 2022 more than 7 listings in Lynn Haven, FL were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 14 were sold below.

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